PPG Industries (PPG) Scheduled to Post Earnings on Thursday

PPG Industries (NYSE:PPG) is scheduled to announce its earnings results before the market opens on Thursday, October 18th. Analysts expect the company to announce earnings of $1.59 per share for the quarter.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, July 19th. The specialty chemicals company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.02. PPG Industries had a return on equity of 27.36% and a net margin of 9.87%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. PPG Industries’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect PPG Industries to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of NYSE PPG opened at $98.18 on Wednesday. PPG Industries has a 12 month low of $94.37 and a 12 month high of $122.07. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. The stock has a market cap of $26.41 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.11 and a beta of 1.50.

Several research analysts have recently commented on PPG shares. KeyCorp cut their price objective on PPG Industries from $130.00 to $128.00 and set a “$104.41” rating for the company in a report on Monday, July 23rd. Goldman Sachs Group raised PPG Industries from a “neutral” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Wednesday, July 25th. Northcoast Research set a $114.00 price objective on PPG Industries and gave the stock a “buy” rating in a report on Tuesday, October 9th. Deutsche Bank cut their price objective on PPG Industries from $124.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday, October 9th. Finally, SunTrust Banks reissued a “hold” rating and set a $110.00 price objective on shares of PPG Industries in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $118.71.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

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Earnings History for PPG Industries (NYSE:PPG)

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